- Update
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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
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26 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Buy Papua New Guinea energy report
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Overview
This analysis includes a comprehensive Papua New Guinea energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Highlights
- In 2021, the National Energy Authority became the regulator of the electricity supply industry.
- The updated NDC aims for a 78% share of renewables in the installed capacity in 2030.
- PPL, the state-owned power utility, owns 400 MW capacity, including 65% hydro and geothermal.
- Oil Search and ExxonMobil dominate the oil and gas sector.
- PNG's power grid is fragmented and suffers from frequent outages.
- Oil and gas represent 80% of the power mix.
- Total energy consumption is predominantly made up of oil and biomass. The electrification rate has doubled since 2013.
- In 2022, ExxonMobil and partners agreed to develop the large P'nyang gas field, coupled with an LNG project. Two LNG liquefaction projects are planned. New hydropower projects may add significant capacity.
4 GW
geothermal potential
x2
electrification rate since 2013
80%
share of power mix from oil and gas
Institutions & Energy Policy
Papua New Guinea (PNG for short) occupies the eastern half of the island of New Guinea (the western part belongs to Indonesia).
The energy sector is under the control of the Department of Petroleum and Energy (DPE), through two main divisions: Petroleum Division (oil and gas) and Energy Division (electricity and renewables).
Energy Companies
Electricity:
PPL, PNG Power Limited, is the integrated state-owned power company.
Energy Supply
Resources:
The country has large gas reserves: proven reserves are estimated at 192 bcm (end of 2021). Proven oil reserves are 18.5 Mt. The country also has a strong geothermal potential, estimated at between 3-4 GW. The solar potential is large (about 2 500 hours of sunshine per year in Port Moresby).
Energy Consumption
Total energy consumption per capita reached 0.52 toe in 2020. Electricity consumption per capita is around 620 kWh.
Total energy consumption remained stable in 2020 at 4.7 Mtoe. Between 2018-2019, it increased by 12%, driven by high growth in thermal power generation. Energy consumption had previously increased by around 3%/year over 2010-2018.
Issues & Prospects
In the APEC 7th edition of Energy Demand and Supply Outlook report, primary energy demand is projected to increase by 2%/year to 5 Mtoe in 2050 (BAU scenario).
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed Electric Capacity by Source (2020, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2020, %)
- GRAPH 5: Consumption trends by energy source (Mtoe)
- GRAPH 6: Total consumption market share by energy (2020, %)
- GRAPH 7: Final consumption market share by sector (2020, %)
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
- Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.
The Papua New Guinea energy market data since 1990 and up to
is included in the Excel file accompanying the Papua New Guinea country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Papua New Guinea Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Papua New Guinea energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).